Hit 52. 70 on wti. The ten year continues to slide below 2. 18 this morning. Our road map begins with oil. 5 1 2 year lows. More details from the planned shake shack ipo. Why the strongest growth may not be where you think. The latest caseshiller report. Youll see it flashing at the bottom of the screen. Well speak with Robert Shiller about what he thinks 2015 will bring to housing. You can see futures are off premarket. Crude continuing to fall. It all began with that selloff midday yesterday. Albeit on light volume. Unbelievable whats happened to crude. You thought some of the worst was over. It clearly isnt. Russias gdp down in november for the first time in five years. Its beginning to have more and more spillover effects. The ruble is up today. Thats something positive. Almost down 8 yesterday. Down 44 for the year of 2014. Its been a brutal year for russia. The u. S. Is where its at and continues to be. 53rd record close . Heading for a third year of gains for the s p 500. Double
Sanctions against moscow despite reported push back from the greek government. Russias finance minister says cnbc his country could consider giving Financial Aid. You cant ignore some of the countries that raised this issue. Prices for the euro zone due in the next hour. European markets on the flat line ahead of that data. Flying west and snapping up a 10 stake of iag as they look to strengthen commercial ties. Youre watching Worldwide Exchange. Bringing you Business News from around the globe. Welcome to the show. Breaking news from italy, some long awaited positive news. Inflation has fallen. December jobless to 12. 9 . Thats the lowest since august. Novembers reading was 13. 4 . 0. 5 for the month of december has come to 12. 9 . Lets look at the youth number. Italys december youth Unemployment Rate falling to 42 . So not as big of a drop as some were expethctexpecting. Youth unemployment which has been a big concern for italy and one of the reasons for implementing the labor market
Here are the top stories we are watching. The white house signaled president obama will sign a propose iran compromise. This would give congress a say on emerging deal to curb tehrans nuclear program. Energy future and in its creditor groups expressed optimism over an 11 billion proposal to reorganize the company. It would allow them to exit bankruptcy by years end. The final agreement maybe two months off. Tencents market value plunging after the chairman cut his own stake in the company. The stock seeing its biggest decline in almost a year. We have less than an hour to the close of trading. Lets go to scarlet fu. Scarlet i want to start with news from the European Central bank. Thatit is raising its greek ceiling to 74 billion euros. Perhaps greases government is preparing behind the scenes for an eventual default or exit from the euro. That was denied later on by the Prime Minister. But if you look at how the euro is performing, no real change on the sideline, which right now is th
Theres strong ad revenue. And byebye bernanke, the fed chairman checks in for his last fed work as his tenure comes to an end. Janet yellen will be sworn in on monday. Announcer youre watching worldwide exchange, bringing you Business News from around the globe. We saw plenty coming up on todays show. Consumer goods lexolux misses demand in the Fourth Quarter. Were going to be speaking to the ceo first on cnbc in about an hours time. Meantime, amazon disappoint onned with earnings. We asked the online retailer if it can turn around. Meantime, more evidence of japan moving away from deflation. Were speak abenomics in around 30 minutes. And sports fans are gearing up to super bowl sunday this weekend. And the game is being held this weekend in an open air stadium in a very cold weather centre. We hear from one Football Player and see how he thinks players and fans will cope. This is how markets are shaping up. Theres been quite a bit of selling on the market today. The cac has been tryin
Losses, but some encouraging pmis in europe, especially in spain. Our map begins with twitter. Being slapped with a big downgrade. Sirius xm moving the other way. Liberty offering to make the service a wholly owned s subsidia subsidiary. Apple reportedly snapping up snappy labs. Apple is close to breaking below its 50day moving average. And to buy jose banks, 57. 50 a share. Twitter downgrade. By Morgan Stanley to underweight from equal. Citing growinging competition from facebook and google. The call comes two months to the day that twitter priceded its ipo at 26 a share right here. The stock is now at 140 . This is scott, the analyst at Morgan Stanley. Wellknown. Helped take Facebook Public and now feels they have the advantage in this race. I think facebook, robert pack, sun trust, who was the first guy to say listen, twitter could be amazing. I criticized him, saying is he trying to get the jump . He was. He really pushes facebook today. He downgraded twitter before. I think people